GuruDAO Bootstrap Phase

UPDATE:

• I have made the summary as simple and clear as possible.
• Clarified one line in the specification (thanks to keanu’s comment): If the farmers try to sell their NFTs, innocent buyers will be included in the airdrop, even though they didn’t vote in Snapshot before buying the NFT. The investigators will check that the buyers are not more farmers.

Summary

• The DAO will engage the services of the Dex Guru team to investigate large-scale airdrop farming of the Guru Season Pass NFT.
• We will remove large farmers who created 10+ addresses that minted Guru NFTs.
• No one will be removed just for having low transactions on Ethereum, sending ETH to a friend, buying a lot of NFTs, or for being a small “hunter”.
• A list of large farmer addresses will be published and the community will have at least 3 days to check it.
• Removing large-scale farmers is essential to create a truly decentralised DAO when the token launches.

Background

If you missed the draft proposal, please read it here to see the evidence of airdrop farming: https://gov.dex.guru/t/draft-proposal-remove-airdrop-farmers-sybil-attackers/8257

Proposal

The DAO formally requests the services of the Dex Guru team to perform an investigation of airdrop farming.

Specifications

The investigation will follow these rules:

• An “airdrop farmer” is defined as one entity that appears to control at least 10 addresses that minted a Guru Season Pass NFT. Examples of such farmers have been shared earlier; they use Multisend or chains of addresses which makes them easy to separate from real users.
• The investigation will check activity on all blockchains that Dex Guru operates on. People that do not use Ethereum but have normal activity on another blockchain will be safe.
• If an airdrop farmer has sold their NFTs, or sells them in the future, the team will investigate whether this is an attempt to hide their NFTs in new addresses, or genuine sales to innocent buyers. Innocent buyers will be included in the airdrop, even though they didn’t vote in Snapshot before buying the NFT.
• A draft list of airdrop farmers will be published in Discord and the forum. The community will have at least 3 days to check it and make any objections. Genuine objections should be very rare due to the high standard of farmer identification (10+ linked addresses). The team will review objections and make corrections if needed. Then a final list will be published.
• The airdrop farmers will be excluded from the airdrop and monitored until the GURU token launches in case they move their NFTs to new addresses.

If the investigators believe that there are other major farmers who do not meet the criteria above, they should share examples of these for the community to look at, but they will not be excluded from the airdrop unless the community decides so in a new proposal. An example of this is users who have bought a lot of NFTs from OpenSea. Currently there has not been enough debate to decide on the best way to handle those accounts.

Clarifications

• Some people suggested criteria like “30 transactions”, “minted 4 NFTs”, or even more complicated rules. I do not believe that approach will solve the problem. Firstly, we have not fully investigated the strategies that the farmers have used, so we may miss a lot of them. Second, it might catch some real users, which we have to avoid.
• We will not repeat Paraswap’s mistake. I was excluded from Paraswap myself so I understand that people are worried they will be deleted. Paraswap performed simple filtering which removed thousands of real users and angered the community. That is not the right approach, and it is why we perform an actual investigation.
• If you are a small “airdrop hunter”, came to Dex Guru hoping for an airdrop, or use a few wallets (cold, hot, mobile, etc) - do not worry. We want you in the DAO. We only want to remove large-scale farmers who have abused the airdrop and made it unfair for everyone else.
• There is no funding from the DAO to perform this investigation. With a successful GURU token launch, the Dex Guru team will receive their allocation of 20% of total supply (already defined).

Pros

• Create a truly decentralised DAO without a few individuals being able to control the votes, block progress, or crash the price.
• If this proposal passes, the airdrop farmers will likely try to sell their NFTs on OpenSea. This is an opportunity to bring new people into the DAO to replace the farmers.
• Keep all real users (and small-scale “airdrop hunters”) who are making great contributions to the DAO already.

Cons

• The airdrop farmers will complain. This is unavoidable, but I believe they will lose focus quickly and move on to other farms once it is clear that they will not get a reward.

Poll

This is a formal proposal for Snapshot voting.